SAN FRANCISCO, October 23, 2018
SAN FRANCISCO, October 23, 2018 /PRNewswire/ --
Global Barley Market is expected to grow at a significant CAGR of 4.74% during the period 2018-2022, as the scope and its applications are rising enormously across the globe. Barley is also termed as groats is a cereal grain of grass family Poaceae and botanically called as Hordeum vulgare L. Globally, it is a fourth largest grain crop and can be grown in several environments. Over 10% of barley is used as human food, whereas remaining is used for preparing malt beverages inclusive whiskey and beer. However, most of harvest barley is used for livestock feed. It also plays important role as a major ingredient in making popular foods across world. Barley Market is segmented based on beards (awns) type, nature, application, and region. Subjacent hooded, long awned, elevated hooded, short awned, normal hooded and other beards type could be explored in Barley in the forecast period. According to the nature of barley market could be classified as pearl barley, rolled or flaked barley, barley flour, barley grits, hulled barley, scotch barley, and quick barley in the forecast period. The market may be categorized based on applications like food, beverages, and others that could be explored in Barley in the forecast period. Beverages sector comprises non-alcoholic beverages and alcoholic beverages. On the other hand, other sector includes cultural, animal feed, algistatic, ornamental, and measurement.
Barley Market is segmented geographically into Americas (North America, South America, and Latin America), Europe (Eastern Europe, Western Europe), Asia Pacific (India, China, Japan, New Zealand, and Australia), Latin America (Mexico, Argentina, and Brazil), Middle East (UAE, Saudi, and Qatar) and Africa (South Africa). Globally, Western Europe may account for the substantial market share of Barley and is estimated to lead the overall market in the coming years. The reason behind the overall market growth could be presence of key manufacturers in the region and high demand from consumers. Instead, Asia Pacific and North America are also estimated to have a positive influence on the future growth. The Asia Pacific is the second largest region with significant market share. However, North America is estimated to grow at fastest pace with the highest CAGR in the foremost period. The key players of Barley Market are Maltexo, Cargill, Groupe Soufflet, Crisp Malting, Grain Millers, and GrainCorp. These players are concentrating on inorganic growth to sustain themselves amongst fierce competition. As companies all over the world have to believe that alliance with a market would permit them proportional market existence and authority to declare the leadership position.
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Global Barley Market 2018-2022, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
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